Money Exchange Model and a general Outlook
Physics and Society
2009-11-11 v1 Statistical Finance
Abstract
The Kinetic Gas Theory like two-agent money exchange models, recently introduced in the Econophysics of Wealth distributions, are revisited. The emergence of Boltzmann-Gibbs like distribution of individual money to Pareto's law in the tail of the distribution is examined in terms of 2x2 Transition matrix with a general and simple oulook. Some additional interesting results are also reported.
Keywords
Cite
@article{arxiv.physics/0505115,
title = {Money Exchange Model and a general Outlook},
author = {Abhijit Kar Gupta},
journal= {arXiv preprint arXiv:physics/0505115},
year = {2009}
}
Comments
4 pages, 2 figures, to appear in Physica A